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25 U.S.C. · Indians
25 U.S.C. § 1465

Modification of amount of loan and document securing loan in collection of loan or in best interests of the United States

Ch. 17 — FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS
Title 25 U.S.C. ● ACTIVE Primary Source Ch. 17
Statutory Text

25 U.S.C. § 1465 — Modification of amount of loan and document securing loan in collection of loan or in best interests of the United States

U.S.C. Title 25 - INDIANS 25 U.S.C. United States Code, 2023 Edition Title 25 - INDIANS CHAPTER 17 - FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS SUBCHAPTER I - INDIAN REVOLVING LOAN FUND Sec. 1465 - Modification of amount of loan and document securing loan in collection of loan or in best interests of the United States From the U.S. Government Publishing Office, www.gpo.gov

§1465. Modification of amount of loan and document securing loan in collection of loan or in best interests of the United States

The Secretary may cancel, adjust, compromise, or reduce the amount of any loan or any portion thereof heretofore or hereafter made from the revolving loan fund established by this subchapter and its predecessor constituent funds which he determines to be uncollectable in whole or in part, or which is collectable only at an unreasonable cost, or when such action would, in his judgment, be in the best interests of the United States. He may also adjust, compromise, subordinate, or modify the terms of any mortgage, lease, assignment, contract, agreement, or other document taken to secure such loans.

(Pub. L. 93–262, title I, §105, Apr. 12, 1974, 88 Stat. 78; Pub. L. 98–449, §3, Oct. 4, 1984, 98 Stat. 1725.)

Editorial Notes

Amendments 1984—Pub. L. 98–449 struck out proviso at end of first sentence which provided that proceedings pursuant to this section would be effective only after following the procedure set out in section 386a of this title.

Source: uscode.house.gov — public domain Official Source ↗
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BS-USC25-SEC-1D23BC
Entity Class
STATUTE / FEDERAL-CODE-SECTION
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boisestandard.org
Citation
25 U.S.C. § 1465
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Federal — United States
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PRIMARY-SOURCE
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c8fedf054b755160...
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The statutory text of 25 U.S.C. § 1465 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 25 U.S.C. § 1464 25 U.S.C. § 1466 →
Ch. 17 — FINANCING ECONOMIC DEVELOPMENT OF INDIANS AND INDIAN ORGANIZATIONS
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25 U.S.C. — public domain ← All Legislation
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boisestandard.org → United States → Law → U.S. Code → Title 25 → 25 U.S.C. § 1465